Crisis Emergency And Incident Management Platforms Market : Technological Advancements, Evolving Industry Trends and Insights

In terms of value, North America is projected to be the most attractive market in the global crisis, emergency, and incident management platforms market during the forecast period. The market in North America is expected to register high Y-o-Y growth throughout the forecast period and is expected to increase at a CAGR of 7.2%. The North America market is estimated to account for a relatively high market share and be valued at more than US$ 20 Bn in 2017. This regional market is expected to remain dominant in terms of value during the forecast period.

Increasing threats related to possible or potential terror attacks, biological hazards, and shootings in the U.S. are driving the growth of the crisis, emergency, and incident management platforms market in North America – particularly in the U.S. Various organizations in North America are finding ways to deploy systems that can warn citizens about various natural calamities such as storms, landslides and earthquakes, and also in the event of terrorist attacks, blackouts, and chemical leakages, in order to reduce the loss of human life and loss or damage to property. This is expected to propel the growth of the crisis, emergency, and incident management platforms market in North America.

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Leading crisis, emergency and incident management service providers are focusing on entering into partnerships with other players in order to introduce emergency notification systems and services to broaden their solution offerings. In the U.S. and Canada, top solution providers are partnering with other solution providers from developing countries for providing advanced technologies such as geospatial, traffic incident management, and web-based emergency management systems. This trend of strategic partnerships is expected to boost revenue growth of the crisis, emergency, and incident management platforms market in North America.

Disasters and new or unfamiliar threats need emergency management procedures. However, it is a difficult and complex task for consulting firms to analyze the huge data and information in relatively less amount of time. This rising level of complexity and uncertainty of disasters is likely to be a hindrance in the development of the crisis, emergency, and incident management platforms market in North America.

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The decline in government spending, shifting budgetary priorities, changes in areas of spending, failure to approve government budgets on a timely basis, and delays in contract awards and procurement of grants and contract documentation are factors that could significantly and adversely impact the growth of the crisis, emergency, and incident management platforms market in North America.

In terms of value, the Surveillance System segment (by System and Platform) is projected to be the most attractive segment in the North America crisis, emergency, and incident management platforms market during the forecast period. The Surveillance System segment is expected to account for a relatively high market share and value throughout the forecast period. This segment is anticipated to remain dominant in terms of value during the forecast period. On the other hand, the Satellite Phone segment (by Communication Technology) is expected to register high Y-o-Y growth rates throughout the forecast period and is estimated to increase at a CAGR of 8.3%.

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Given the characteristics of the market, the analysts have triangulated the outcome of different types of analyses based on the technology trends. The forecasts are conducted in terms of CAGR and the market is analyzed on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global crisis, emergency, and incident management platforms market. As previously highlighted, the global crisis, emergency, and incident management platforms market is split into a number of segments. All segments are analyzed in terms of basis point share to understand individual segments’ relative contribution to market growth. Another key feature of this report is the analysis of all market segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity analysis is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global crisis, emergency, and incident management platforms market.

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